First Internet Bancorp (NASDAQ: INBK), the parent company of First Internet Bank, has said that it has closed its previously announced underwritten offering of 895,955 shares of its common stock at a price of USD24.

On April 21, 2014, the company announced that it commenced the firm commitment underwritten offering portion of the second step conversion to sell shares of common stock not subscribed for in the subscription offering to the general public at USD10.

The company intends to grant Keefe, Bruyette & Woods the option to purchase up to an additional 10% of the shares of common stock being offered in the underwritten offering to cover over-allotments, if any.

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